The two week run of relatively favorable trends for home buyers in San Carlos definitely came to an abrupt halt last week. Only 4 new listings hit the market, which was not nearly enough to offset the 9 homes that went pending during the same period. The net result is that by the time of this post, we were back down to 10 homes for sale in the entire city of San Carlos, and the trend looks to be continuing downward from there.
More than half of these 10 active listings have offer dates set for sometime this coming week, so without a significant influx of new inventory we’re likely headed back to the low single-digit inventory range once again. So don’t be shocked if you check in later in the week and see a total of 4-5 listings in all of San Carlos. That’s definitely not good news for home buyers, who are certainly expecting more inventory now we’re well into the Spring Market.
Here are the details from last week:
By The Numbers.
Below is a high-level snapshot of the market performance for single-family residences in San Carlos. This data is for the week ending 3-8-2014:
|San Carlos Housing Data||3-8-14||Prior Week|
|Closed Sales for the Week:||5||5|
|Average Sold Price:||$1,495,000||$1,022,400|
|Average $/Sq Foot (Sold)||$826||$699|
|Sold Price vs Orig List Price:||109%||112%|
|Average DOM of Closed Sales||9||11|
|No. of Homes Pending Sale:||30||25|
|No. of Active Listings:||10||16|
|Average Price of Active Listings:||$1,479,595||$1,382,875|
|Average DOM of Active Listings:||10||8|
|Average $/Sq Foot (List)||$664||$631|
|Active-Pending Ratio:||0.33 : 1||0.64 : 1|
The San Carlos Open House Page.
If you’re looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, you’ll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It’s updated continuously from the MLS, so bookmark this link and you’ll never have to wander around town looking for open houses again.
Single-Family Homes SOLD in San Carlos:
Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.
|Address||Sold Price||Orig. List||Difference||Days on Market|
|437 Hillcrest Road||$2,500,000||$1,998,888||+$501,112 (+25.1%)||12|
|1320 Greenwood Avenue||$1,525,000||$1,450,000||+$75,000 (+5.2%)||9|
|55 Pine Avenue||$1,400,000||$1,450,000||-$50,000 (-3.4%)||15|
|735 Orange Avenue||$1,000,000||$1,000,000||$0 (0%)||0|
|953 Lupin Way||$1,050,000||$949,000||+$101,000 (+10.7%)||8|
Note: The sold data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction. (Click the “Homes Sold” sign below see all of the homes that have sold in San Carlos in the past 3 months.)
San Carlos Homes Pending Sale for the Week:
The following homes went into contract his week. Click on the address to see more details:
|Address||DOM (days)||List Price|
|426 Ridge Road||8||$1,089,000|
|918 McCue Avenue||11||$749,000|
|545 Walnut Street||12||$1,199,000|
|917 Rosewood Avenue||9||$1,179,000|
|878 Knoll Drive||13||$1,549,000|
|1382 Rosewood Avenue||7||$839,000|
|945 Chestnut Street||11||$2,150,000|
|3121 Melendy Drive||11||$1,349,000|
|201 Edgehill Drive||8||$849,000|
Note: The pending data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction.
(Click the “Homes Pending Sale” sign below to see ALL the homes that are Pending Sale in San Carlos.)
New Single-Family Home Listings in San Carlos:
Below are the new listings that hit the market this past week in San Carlos. Click on the address of each home to get the complete details.
|Address||List Price||BR/BA||Sq Ft (home/lot)||Listed By|
|231 Oakview Drive||$1,399,000||4BR/2BA||2,390/8,400||Marilyn Koron, Coldwell Banker|
|990 Orange Avenue||$1,299,950||3BR/2BA||1,500/5,000||Justine Ford, Today Sothebys|
|1005 Rosewood Avenue||$1,199,000||3BR/2BA||1,490/6,000||Joyce Romeo, Intero|
|115 Sheldon Avenue||$949,000||3BR/2BA||1,270/8,640||Eddie Azzopardi, Realty World|
Note: The listing data provided above is strictly for informational purposes only, and should not imply that the author is the listing agent.
(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)
Condos and Townhomes Sold in San Carlos:
Below are the condos/townhouses that closed escrow this past week. Click on the address for more details:
|Address||Sold Price||Orig. List||Difference||DOM|
(Click the “Condos Sold” button below to see all of the condos and townhomes that have recently sold in San Carlos)
Condo/Townhouse Pending Sale this Week.
The following condos/townhouses went into contract this week:
|7 Mayflower Lane||8|
|17 Iris Lane||13|
|3352 La Mesa Drive #6||28|
|8 Violet Lane||7|
(Click the “Condos Pending Sale” button below to see all of the condos and townhomes that are pending sale in San Carlos)
New Condo/Townhouse Listings in San Carlos:
The following condo/townhouses listed this past week. Click on the address or all the details:
|Address||List Price||BR/BA||Sq Feet||Listed By|
|3378 Brittan Avenue #3||$610,000||2BR/2BA||1,040||Eddie Azzopardi, Realty World|
(Click the “Condos for Sale” button below to see all of the condos and townhomes that are currently for sale in San Carlos)
Want Your Info Sooner?
(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)
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